Reply to What kind of income receives financial aid?

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[quote=Anonymous][quote=Anonymous]$100,000 gross income = what, $80K after taxes?  How on earth could someone pay $28K in tuition and still support a family in this area?[/quote]

If that is a combined income or a single  parent income you would get at least 50% FA, provided DC was accepted. That means your payments would be about $1,500 a month for the 8 months of the payment plan( what most FA families use)How can you afford it after that:

get a housemate
sell your car ( ditching your car payment and your insurance)
eliminate the following: new clothes/shoes  for self ever ,haircut/highlights, mai/pedi,eating out, entertainment that costs money, you get the picture
watch very carefully what you buy at grocery store and plan meals
get rid of cable
no iPhone for you
use your library card instead of buying books
claim exempt once you have contributed enough federal tax for the year raising your take home
itemize every deduction you can
save all the money during those 4 months you don't have to pay tuition and live off of it all year
get a second job
keep your CC balance at zero, but keep the cards in case you ever need to put a tuition payment on one.

totally workable and worth it IMHO
[/quote]

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